Tiffin Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Tiffin averaged 6.64% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 6.96% and one month ago for the week of 2024-06-13, the average rate was 6.82%.

    Tiffin's average rate one year ago was 7.03%.

    For refis of the same type during the week of 2024-07-18, the average rate was 6.67%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Tiffin 30 Year Fixed Rate 2024-07-18 6.64%
    Tiffin 30 Year Fixed Rate Refi 2024-07-18 6.67%
    Tiffin 15 Year Fixed Rate 2024-07-18 5.95%
    Tiffin 15 Year Fixed Rate Refi 2024-07-18 6.55%
    Tiffin 30 Year FHA 2024-07-18 6.74%
    Tiffin 30 Year FHA Refi 2024-07-18 6.69%
    Tiffin 30 Year USDA 2024-07-18 6.53%
    Tiffin 30 Year USDA Refi 2024-07-18 6.43%
    Tiffin 30 Year VA 2024-07-18 6.5%
    Tiffin 30 Year VA Refi 2024-07-18 6.5%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tiffin, OH.

    Tiffin Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Tiffin, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LOANDEPOT.COM, LLC 62 6.93% $4,357
    The Old Fort Banking Company 28 6.67% $2,820
    The Huntington National Bank 14 6.64% $4,142
    Fifth Third Bank 14 7.26% $3,164
    U.S. Bank 14 6.82% $3,743
    First Federal Bank of the Midwest 13 7.18% $3,548
    The Croghan Colonial Bank 12 6.55% $3,474
    QUICKEN LOANS, LLC 11 6.96% $6,087
    GUARANTEED RATE, INC. 8 6.95% $3,748
    Superior Credit Union, Inc. 6 6.94% $3,989
    Civista Bank 4 6.59% $3,985
    JPMorgan Chase Bank 4 6.69% $4,189
    CROSSCOUNTRY MORTGAGE, LLC 3 6.83% $4,597
    The Union Bank Company 3 6.21% $3,430
    UNION HOME MORTGAGE CORP. 3 7.50% $6,050
    ZILLOW HOME LOANS, LLC 2 6.63% $3,998
    First National Bank of Bellevue 2 5.56% $2,254
    NEWREZ LLC 2 6.56% $3,377
    PNC Bank 2 7.13% $3,215
    POLARIS HOME FUNDING CORP. 2 7.56% $6,538
    The State Bank and Trust Company 2 7.06% $4,522
    Ameris Bank 1 7.25% $3,131
    NFM, INC. 1 6.63% $3,562
    PENNYMAC LOAN SERVICES, LLC 1 7.00% $4,937
    UNITED WHOLESALE MORTGAGE, LLC 1 6.87% $4,456
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $7,943
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $10,312
    First Federal Savings and Loan Association of Lorain 1 5.38% $6,262
    ROYAL UNITED MORTGAGE LLC 1 6.63% $6,354
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $5,651
    Sierra Pacific Mortgage Company, Inc. 1 5.99% $5,698
    SUMMIT FUNDING, INC. 1 6.88% $5,025
    First Federal Savings and Loan Association of Lakewood 1 5.95% $5,494
    SUPERIOR FINANCIAL SOLUTIONS, LLC 1 7.63% $3,071
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.88% $2,885
    EQUITY RESOURCES, INC. 1 7.00% $4,855
    Colonial Savings, F.A. 1 6.38% $4,925
    The Park National Bank 1 7.12% $2,464
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.99% $7,143
    BROKER SOLUTIONS, INC. 1 6.35% $7,975
    HOMESIDE FINANCIAL, LLC 1 7.63% $5,004
    Mortgage Research Center, LLC 1 6.13% $5,425
    Mr. Cooper ( Nationstar Mortgage ) 1 5.49% $7,714
    Nations Lending Corporation 1 7.50% $13,444

    Tiffin Average Closing Costs & Other Stats

    Tiffin, OH's 44 lenders originated 704 loans during 2023. The total origination value was $102,010,000, with an average loan value of $144,901.

    Tiffin's average closing costs are $4,273.

    The top Tiffin lender as defined by loan originations is LOANDEPOT.COM, LLC, with 62 loans originated. Their average total fees are $4,357, which is $1,537 higher than the next largest lender, The Old Fort Banking Company.

    The lowest fee Tiffin lenders (with over 10 loans originated) are The Old Fort Banking Company ($2,820), Fifth Third Bank ($3,164), The Croghan Colonial Bank ($3,474), First Federal Bank of the Midwest ($3,548) and U.S. Bank ($3,743).

    The lowest rate Tiffin lenders (with over 10 loans originated) are The Croghan Colonial Bank (6.55%), The Huntington National Bank (6.64%), The Old Fort Banking Company (6.67%), U.S. Bank (6.82%) and LOANDEPOT.COM, LLC (6.93%).

    Tiffin, OH Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    LOANDEPOT.COM, LLC $28,435,000 $18,960,000 -33.3% 18.6%
    The Old Fort Banking Company $12,070,000 $8,640,000 -28.4% 8.5%
    Old National Bank $1,285,000 $7,005,000 445.1% 6.9%
    Fifth Third Bank $7,440,000 $5,370,000 -27.8% 5.3%
    QUICKEN LOANS, LLC $8,215,000 $5,165,000 -37.1% 5.1%
    AG Credit, Agricultural Credit Association $4,675,000 $4,930,000 5.5% 4.8%
    The Huntington National Bank $5,880,000 $4,310,000 -26.7% 4.2%
    First Federal Bank of the Midwest $6,545,000 $4,250,000 -35.1% 4.2%
    U.S. Bank $5,420,000 $3,980,000 -26.6% 3.9%
    Superior Credit Union, Inc. $2,480,000 $3,475,000 40.1% 3.4%
    The Croghan Colonial Bank $2,725,000 $1,930,000 -29.2% 1.9%
    POLARIS HOME FUNDING CORP. $1,925,000 $1,835,000 -4.7% 1.8%
    UNION HOME MORTGAGE CORP. $2,915,000 $1,685,000 -42.2% 1.7%
    GUARANTEED RATE, INC. $180,000 $1,605,000 791.7% 1.6%
    Mortgage Research Center, LLC $2,960,000 $1,575,000 -46.8% 1.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,855,000 $1,450,000 -21.8% 1.4%
    Sutton Bank $640,000 $1,410,000 120.3% 1.4%
    PNC Bank $2,850,000 $1,405,000 -50.7% 1.4%
    Fremont Federal Credit Union $650,000 $1,315,000 102.3% 1.3%
    First Federal Bank of Ohio $1,680,000 $1,115,000 -33.6% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $1,395,000 $905,000 -35.1% 0.9%
    NEWREZ LLC $400,000 $855,000 113.8% 0.8%
    JPMorgan Chase Bank $705,000 $785,000 11.3% 0.8%
    1ST SIGNATURE LENDING, LLC $780,000 n/a 0.8%
    PENNYMAC LOAN SERVICES, LLC $270,000 $760,000 181.5% 0.7%
    Civista Bank $155,000 $750,000 383.9% 0.7%
    AMERISAVE MORTGAGE CORPORATION $340,000 $675,000 98.5% 0.7%
    The Union Bank Company $490,000 $645,000 31.6% 0.6%
    The Federal Savings Bank $550,000 n/a 0.5%
    The State Bank and Trust Company $1,700,000 $530,000 -68.8% 0.5%
    MOVEMENT MORTGAGE, LLC $480,000 n/a 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,790,000 $440,000 -75.4% 0.4%
    BROKER SOLUTIONS, INC. $175,000 $435,000 148.6% 0.4%
    MID AMERICA MORTGAGE, INC. $1,070,000 $435,000 -59.3% 0.4%
    NFM, INC. $420,000 n/a 0.4%
    First Federal Savings and Loan Association of Lakewood $990,000 $405,000 -59.1% 0.4%
    Day Air Credit Union, Inc $365,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $155,000 $360,000 132.3% 0.4%
    J. VIRGIL, INC. $345,000 n/a 0.3%
    First National Bank of Bellevue $695,000 $335,000 -51.8% 0.3%
    KeyBank $1,790,000 $330,000 -81.6% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $635,000 $330,000 -48.0% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $625,000 $325,000 -48.0% 0.3%
    FIRST OHIO HOME FINANCE, INC. $165,000 $280,000 69.7% 0.3%
    LENDINGHOME FUNDING CORPORATION $280,000 n/a 0.3%
    First Federal Savings and Loan Association of Lorain $95,000 $275,000 189.5% 0.3%
    Flagstar Bank, FSB $330,000 $275,000 -16.7% 0.3%
    FREEDOM MORTGAGE CORPORATION $645,000 $270,000 -58.1% 0.3%
    The First National Bank of Pandora $205,000 $260,000 26.8% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $245,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $115,000 $240,000 108.7% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $135,000 $235,000 74.1% 0.2%
    Nations Lending Corporation $95,000 $235,000 147.4% 0.2%
    Servion, Inc. $210,000 $225,000 7.1% 0.2%
    SUMMIT FUNDING, INC. $215,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $640,000 $210,000 -67.2% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $195,000 n/a 0.2%
    STOCKTON MORTGAGE CORPORATION $195,000 $195,000 0.0% 0.2%
    Carrington Mortgage Services, LLC $220,000 $190,000 -13.6% 0.2%
    DAS Acquisition Company, LLC $175,000 n/a 0.2%
    SPRING EQ, LLC $85,000 $175,000 105.9% 0.2%
    GENEVA FINANCIAL, LLC $165,000 n/a 0.2%
    Sierra Pacific Mortgage Company, Inc. $165,000 n/a 0.2%
    Ameris Bank $155,000 n/a 0.2%
    County National Bank $125,000 $155,000 24.0% 0.2%
    HOMEXPRESS MORTGAGE CORP. $155,000 n/a 0.2%
    First Federal Community Bank of Bucyrus $285,000 $150,000 -47.4% 0.1%
    Bank of America $505,000 $145,000 -71.3% 0.1%
    Colonial Savings, F.A. $145,000 n/a 0.1%
    Figure Lending LLC $305,000 $145,000 -52.5% 0.1%
    PLAZA HOME MORTGAGE, INC. $95,000 $145,000 52.6% 0.1%
    ALLIANT CREDIT UNION $125,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $135,000 $125,000 -7.4% 0.1%
    SUPERIOR FINANCIAL SOLUTIONS, LLC $125,000 n/a 0.1%
    First Federal Bank $115,000 n/a 0.1%
    The Park National Bank $170,000 $115,000 -32.4% 0.1%
    Citizens Bank $410,000 $105,000 -74.4% 0.1%
    Coastal Community Bank $105,000 n/a 0.1%
    NBKC BANK $105,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $385,000 $105,000 -72.7% 0.1%
    Barrington Bank & Trust Company, N.A. $95,000 n/a 0.1%
    Directions Credit Union, Inc. $55,000 $90,000 63.6% 0.1%
    AMERICAN FINANCING CORPORATION $280,000 $85,000 -69.6% 0.1%
    EQUITY RESOURCES, INC. $675,000 $85,000 -87.4% 0.1%
    M&T Bank $65,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $170,000 $65,000 -61.8% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $260,000 $65,000 -75.0% 0.1%
    The Merchants National Bank $65,000 n/a 0.1%
    WRIGHT-PATT CREDIT UNION, INC. $65,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $55,000 n/a 0.1%
    Centra Credit Union $45,000 n/a 0.0%
    LEADERONE FINANCIAL CORPORATION $45,000 n/a 0.0%
    Discover Bank $35,000 n/a 0.0%
    NEW DAY FINANCIAL, LLC $335,000 $35,000 -89.6% 0.0%
    First Citizens National Bank $25,000 n/a 0.0%

    Tiffin's top lender by overall market share is LOANDEPOT.COM, LLC, with 18.6% market share. In second place, with 8.5%, is The Old Fort Banking Company, having originated $8,640,000 in loans. In third place, with 6.9%, is Old National Bank, having originated $7,005,000 in loans. In fourth place, with 5.3%, is Fifth Third Bank, having originated $5,370,000 in loans. In fifth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $5,165,000 in loans.

    Tiffin, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 430 $68,230,000 $158,674
    Cash Out Refi 90 $12,130,000 $134,778
    Refi 73 $14,265,000 $195,411
    Other 58 $3,380,000 $58,276
    Home Improvement 53 $4,005,000 $75,566

    Tiffin's most frequently cited loan purpose was Home Purchase, with 430 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 275 $41,825,000 $152,091
    7-8% 209 $30,635,000 $146,579
    Over 8% 121 $8,435,000 $69,711
    5-6% 65 $16,305,000 $250,846
    3-4% 2 $380,000 $190,000
    <2.5% 1 $5,000 $5,000
    2.5-3% 1 $145,000 $145,000

    During 2023, Tiffin's most frequently originated rate bucket was 6-7%, with 275 originations.

    Loan Sizing (Tiffin, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 302 $42,450,000 $140,563
    $100,000 or less 283 $16,585,000 $58,604
    $200k-400k 98 $25,150,000 $256,633
    $400k-600k 13 $5,855,000 $450,385
    $600k-1000k 7 $4,965,000 $709,286
    $Over $1MM 1 $7,005,000 $7,005,000

    Tiffin's loan sizing saw the bucket of loans from $100k-200k with 302 originations, totaling $42,450,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 336 $56,310,000 $167,589
    60-80% 128 $19,000,000 $148,438
    20-40% 87 $12,475,000 $143,391
    40-60% 70 $7,570,000 $108,143
    Under 20% 49 $1,675,000 $34,184
    Over 100% 4 $570,000 $142,500

    Tiffin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 336 originations, totaling $56,310,000 in origination value.